Greenspan said recently that the 50% drop in new supply will buoy the price of BTC and this is bound to happen even if the rate of adoption remains the same.

“The annual inflation of #bitcoin will go from 3.65% to just 1.8%… approximately half of the global annual inflation rate. At this point, adoption doesn’t even need to grow to sustain the price anymore. Satoshi either knew what he was doing or got really lucky.”

Other than this, there are all kinds of predictions regarding the price of BTC ahead of the halving.

A few days ago, Bitcoin was flirting with the $10k important level but it seems that the king coin was not ready for it yet.

Analyst Dave the Wave said that BTC would drop ahead of the halving, but in the long-term, the coin would be able to reach $100k by 2023.

Coins Mentioned

ION

RED

REAL

JUST

Kin

Ark

Bitcoin

Companies Mentioned

CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.